CBRE GROUP, INC. CBRE

Real estate SIC 6500 - Real Estate NAICS Real Estate and Rental and Leasing › Real Estate derived NYSE

CBRE is the world's largest commercial real estate services and investments firm (based on 2025 revenue). We derive competitive advantage from our considerable scale and ability to offer integrated solutions for real estate investors and occupiers in more than 100 countries. We are global market leaders in most of our business lines and drive significant growth by helping clients optimize real estate costs, value, investment returns and workplace experiences. These capabilities, combined with our extensive knowledge platform (research, data, strategy, etc.), allow us to generate superior outcomes for our clients, which included nearly 90% of Fortune 100 companies and many of the world's largest institutional real estate investors in 2025.

Last close 123.30 2026-10-23
Market cap $35.70B 2026-06-30 share count
52-week range 121.69 - 174.27

Valuation FY2025 figures against the last close

P/S0.9x
P/E32.0x
P/FCF29.9x
EV/EBITDA22.2x
Dividend yield—
Diluted EPS3.85

Where the revenue comes from as reported in the latest 10-K

Revenue by geography

  • United States
  • All other countries
  • United Kingdom
Revenue by geography, 3 categories over 3 years. The same figures are in the table below. FY2025 United States, FY2025: 22.8B (56.3%) 56% United States All other countries, FY2025: 12B (29.6%) 30% All other countries United Kingdom, FY2025: 5.7B (14.1%) 14% United Kingdom FY2024 United States, FY2024: 20.2B (56.4%) 56% All other countries, FY2024: 10.6B (29.7%) 30% United Kingdom, FY2024: 5B (13.9%) 14% FY2023 United States, FY2023: 17.5B (54.6%) 55% All other countries, FY2023: 10.1B (31.6%) 32% United Kingdom, FY2023: 4.4B (13.8%) 14%
Region FY2025FY2024FY2023
United States $22.85B $20.16B $17.46B
All other countries $11.99B $10.64B $10.10B
United Kingdom $5.71B $4.97B $4.39B

As the company reported it, from the “Segments - Schedule of Geographic Information (Details)” note of its latest 10-K. Every figure here has been checked against the total revenue the same filing reported. Regions are the filer's own and are not mapped onto a standard list — one company's “Americas” and another's “United States” are different areas, and making them look comparable would mean making at least one of them wrong. Slices under 1% are folded into “Other”.

Annual financial statements

Income statement

Fiscal year FY2025FY2024FY2023FY2022FY2021FY2020FY2019FY2018FY2017FY2016
Revenue $39.90B$35.18B$31.50B$30.17B$26.95B$23.17B$23.27B$20.78B$18.15B$16.83B
Cost of revenue $32.98B$28.81B$25.68B$24.24B$21.58B$19.05B$18.69B$16.45B$14.31B$78.5M
Gross profit $6.92B$6.37B$5.83B$5.93B$5.37B$4.12B$4.59B$4.33B$3.85B$16.75B
Total operating expenses ———————$3.37B$2.86B$2.78B
Operating income $1.75B$1.41B$1.12B$1.51B$1.64B$969.8M$1.26B$1.09B$1.08B$816.8M
Interest expense ——$149.0M$69.0M$50.0M$67.8M$85.8M$98.7M$127.0M$144.9M
Pre-tax income $1.59B$1.22B$1.28B$1.66B$2.41B$970.0M$1.36B$1.38B$1.17B$882.1M
Income tax $317.0M$182.0M$250.0M$234.0M$568.0M$214.1M$69.9M$313.1M$467.8M$296.9M
Net income $1.16B$968.0M$986.0M$1.41B$1.84B$752.0M$1.28B$1.06B$697.1M$573.1M
EPS, basic 3.883.163.204.365.482.243.823.132.061.71
EPS, diluted 3.853.143.154.295.412.223.773.102.051.69
Shares, diluted (wtd. avg.) 300.8M308.0M312.6M327.7M339.7M338.4M340.5M343.1M340.8M338.4M

Balance sheet

Fiscal year FY2025FY2024FY2023FY2022FY2021FY2020FY2019FY2018FY2017FY2016
Cash and equivalents $1.86B$1.11B$1.37B$1.41B$2.54B$2.04B$1.09B$863.9M$751.8M$762.6M
Receivables $8.28B$7.00B$6.37B$5.33B$5.15B$4.39B$4.47B$3.67B$3.11B$2.61B
Total current assets $13.49B$9.97B$9.67B$8.53B$10.08B$8.85B$7.53B$6.75B$5.63B$5.12B
Property, plant and equipment $1.05B$914.0M$907.0M$836.0M$816.1M$815.0M$836.2M$721.7M$617.7M$560.8M
Goodwill $7.05B$5.62B$5.13B$4.87B$5.00B$3.82B$3.75B$3.65B$3.25B$2.98B
Other intangibles $2.97B$2.30B$2.08B$2.19B$2.41B$1.37B$1.38B$1.44B$1.40B$1.41B
Total assets $30.88B$24.38B$22.55B$20.51B$22.07B$18.04B$16.20B$13.46B$11.72B$10.78B
Short-term debt $71.0M$36.0M$9.0M$428.0M$0$1.5M$1.8M$3.1M$8.0K$11.0K
Total current liabilities $12.32B$9.29B$8.24B$8.24B$8.42B$7.14B$6.44B$5.80B$4.71B$4.53B
Long-term debt $5.05B$3.25B$2.80B$1.09B$1.54B$1.38B$1.76B$1.77B$2.00B$2.55B
Total liabilities $21.25B$15.19B$13.48B$11.91B$12.71B$10.53B$9.92B$8.45B$7.54B$7.72B
Retained earnings $9.92B$9.57B$9.19B$8.83B$8.37B$6.53B$5.79B$4.50B$3.44B$2.66B
Total equity $8.88B$8.41B$9.07B$8.61B$9.36B$7.12B$6.27B$5.01B$4.17B$3.15B

Cash flow

Fiscal year FY2025FY2024FY2023FY2022FY2021FY2020FY2019FY2018FY2017FY2016
Operating cash flow $1.56B$1.71B$480.0M$1.63B$2.36B$1.83B$1.22B$1.13B$894.4M$617.0M
Stock-based compensation $120.0M$146.0M$96.0M$160.0M$185.0M$60.4M$127.7M$128.2M$93.1M$63.5M
Capital expenditure $366.0M$307.0M$305.0M$260.0M$210.0M$266.6M$293.5M$227.8M$178.0M$191.2M
Investing cash flow -$1.63B-$1.51B-$681.0M-$832.0M-$1.28B-$744.1M-$721.0M-$560.7M-$302.6M-$150.5M
Financing cash flow $796.0M-$221.0M$154.0M-$1.77B-$490.0M-$222.8M-$271.9M-$506.6M-$627.7M-$220.7M
Buybacks $968.0M$627.0M$665.0M$1.85B$369.0M$50.0M$145.1M$161.0M——

Figures as tagged in each year's own filing, in US dollars. A year restated by a later filing shows the restated figure. Capital expenditure, dividends and buybacks are cash out, shown positive. A line the filer does not report is not listed. Latest from accession 0001138118-26-000005.

Plot the figures US dollars

Income statement Revenue Cost of revenue Gross profit R&D SG&A Total operating expenses Operating income Interest expense Pre-tax income Income tax Net income EPS, basic EPS, diluted Shares, diluted (wtd. avg.)
Balance sheet Cash and equivalents Short-term investments Receivables Inventory Total current assets Property, plant and equipment Goodwill Other intangibles Total assets Accounts payable Short-term debt Total current liabilities Long-term debt Total liabilities Retained earnings Total equity
Cash flow Operating cash flow Depreciation and amortisation Stock-based compensation Capital expenditure Investing cash flow Financing cash flow Dividends paid Buybacks
  • Revenue
  • Gross profit
  • Net income
Revenue, Gross profit, Net income by fiscal year, in US dollars The same figures are in the table below this chart. 0 10B 20B 30B 40B Revenue, FY2016: 16.8B Gross profit, FY2016: 16.8B Net income, FY2016: 573.1M Revenue, FY2017: 18.2B Gross profit, FY2017: 3.8B Net income, FY2017: 697.1M Revenue, FY2018: 20.8B Gross profit, FY2018: 4.3B Net income, FY2018: 1.1B Revenue, FY2019: 23.3B Gross profit, FY2019: 4.6B Net income, FY2019: 1.3B Revenue, FY2020: 23.2B Gross profit, FY2020: 4.1B Net income, FY2020: 752M Revenue, FY2021: 26.9B Gross profit, FY2021: 5.4B Net income, FY2021: 1.8B Revenue, FY2022: 30.2B Gross profit, FY2022: 5.9B Net income, FY2022: 1.4B Revenue, FY2023: 31.5B Gross profit, FY2023: 5.8B Net income, FY2023: 986M Revenue, FY2024: 35.2B Gross profit, FY2024: 6.4B Net income, FY2024: 968M Revenue, FY2025: 39.9B Gross profit, FY2025: 6.9B Net income, FY2025: 1.2B FY2016 FY2017 FY2018 FY2019 FY2020 FY2021 FY2022 FY2023 FY2024 FY2025
Fiscal year FY2016FY2017FY2018FY2019FY2020FY2021FY2022FY2023FY2024FY2025
Revenue $16.83B $18.15B $20.78B $23.27B $23.17B $26.95B $30.17B $31.50B $35.18B $39.90B
Gross profit $16.75B $3.85B $4.33B $4.59B $4.12B $5.37B $5.93B $5.83B $6.37B $6.92B
Net income $573.1M $697.1M $1.06B $1.28B $752.0M $1.84B $1.41B $986.0M $968.0M $1.16B

Recent filings and events

  • Results announced The quarterly or annual earnings release. Arrives four times a year from almost every company here. Item 2.02
  • Material agreement signed The company entered an agreement outside the ordinary course of business - a large contract, a credit facility, a merger agreement. Item 1.01
  • New debt or obligation The company has taken on debt or a comparable obligation. Item 2.03
  • Regulation FD disclosure Something the company told the market and had to tell everyone at once - usually a slide deck or a press release. Item 7.01
  • Shareholder vote The results of the annual meeting or a special vote. Item 5.07
  • Material agreement signed Item 1.01
  • New debt or obligation Item 2.03
  • Material agreement signed Item 1.01
  • Results announced Item 2.02
  • Regulation FD disclosure Item 7.01
  • Officer or director change Someone at the top arrived or left. The item covers everything from a board retirement to a chief executive being removed, and only the filing itself says which. Item 5.02
  • Officer or director change Item 5.02

Item numbers are Form 8-K's own, and a filing date is up to four business days after the thing it reports. The same feed across the whole market.

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GTY GETTY REALTY CORP /MD/ $1.73B 20.7x 9.0%
EFC Ellington Financial Inc. $1.51B 9.9x —